Director & Actuary

What You Can Expect In This Role

Responsible for an actuarial function that may support a specific business unit or may support multiple business units. May lead a team of actuaries and/or analysts to develop processes and tools in line with best practices. Provide leadership, oversight, and direction on analysis and documentation, develop recommendations and present to management to drive decisions. Prioritize the team's work, providing technical guidance and reviewing the results.

Manage multiple projects and work collaboratively with other departments. Understand Sammons Financial Group (SFG) Member Companies' and business unit financial goals and objectives and deliver results that support those objectives. Lead special projects as directed. Manage corporate actuarial governance and controls processes and serve as the primary point of contact for internal and external audits; drive the continued development of the department’s analytical tools, data processes, and artificial intelligence capabilities.

• Manage corporate actuarial governance and controls processes; serve as the primary point of contact for internal and external audits.
• Drive the continued development and enhancement of the department’s analytical tools and data processes, including Power BI reporting and Alteryx workflows, to improve efficiency and support analysis of policyholder behavior.
• Support divisional efforts to advance the use of artificial intelligence within actuarial functions and processes. Apply strong knowledge of SFG products, new business and in-force. Understand new products and make recommendations regarding how to incorporate into existing models and/or actuarial processes.
• Apply strong knowledge of insurance contracts and actuarial related regulations to perform existing functions. Recommend enhancements to existing processes or develop new processes to accommodate regulatory changes. Oversee preparation and review of materials needed to comply with applicable regulations.
• Lead the identification, development and implementation of assumptions needed for actuarial calculations or financial projections. Leverage company data, industry data and/or any other information indicating a potential change in the future to justify recommendations for individual assumptions. Distinguish between best estimate and prudent assumptions. Oversee the use of actuarial models to understand and explain the impact of a change in assumptions.
  
  Ensure assumptions and sources of underlying data are well documented.
• Create, understand and interpret complex financial models in line with best practices. Apply judgment over the choice of tools and models through an understanding of limitations and the use of the financial information produced. Maximize efficiencies. Oversee and review analysis and explain the results of both deterministic and stochastic projections. Ensure proper governance, peer review and documentation is completed.
• Leverage knowledge of accounting standards and other reporting requirements covering insurance liabilities and the assets backing liabilities to understand, analyze and explain financial reporting as needed. This includes balance sheets and income statements produced by actuarial models. Understand how model results compare to actual financials results, document and explain any differences that may impact conclusions drawn from the models. Assist in interpreting and implementing changes in accounting and/or actuarial standards.
• Design and develop efficient data systems and oversee analysis of data. Recommend appropriate data analysis techniques given the nature of the analysis needed. Use expertise to advise and challenge multiple data analysis exercises. Use key insights to make recommendations to management. Ensure proper governance and documentation is completed.
• Understand relevant actuarial risks and their underlying drivers. Lead development of appropriate methods to monitor, measure and project risk exposure. Understand the implications of failing to manage risk. Provide leadership and direction to team to assist in developing risk mitigation techniques. Prepare and present risk analysis to management.
• Manage and lead multiple projects. Effectively plan and prioritize work in accordance with broader department objectives and priorities. Provide technical guidance to the broader team and review their work for accuracy. Develop and manage team of actuaries and/or analysts, and execute performance…